[Name] Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	610.68	673.62	650.68	544.2	691.35	571.32
Other Revenue	3.66	6.61	2.43	3.76	3.45	1.93
Revenue	614.34	680.23	653.11	547.97	694.8	573.25
Revenue Growth	8.45%	4.15%	19.19%	-21.13%	21.20%	23.86%
Cost of Revenue	447.22	491.07	441.58	325.72	406.11	322.92
Gross Profit	167.12	189.17	211.53	222.24	288.7	250.33
Selling, General & Admin	70.01	69.84	77.35	63.19	52.52	57.12
Research & Development	17.6	21.05	20.88	20.32	21.81	17.79
Other Operating Expenses	5.43	4.96	3.93	5.3	3.74	1.5
Operating Expenses	103.7	115.72	123.18	99.81	88.89	82.31
Operating Income	63.42	73.45	88.35	122.43	199.81	168.02
Interest Expense	-1.36	-1.9	-0.85	-7.79	-0.08	-
Interest & Investment Income	1.02	3.43	5.46	12.32	14.79	13.1
Currency Exchange Gain (Loss)	-2.38	-2.96	0.57	-0.07	4.57	-1.32
Other Non Operating Income (Expenses)	-9.13	-1.79	-2.34	-1.05	-0.95	-0.13
EBT Excluding Unusual Items	51.57	70.22	91.2	125.85	218.14	179.67
Gain (Loss) on Sale of Investments	-0.37	-0.37	-	-	-1.89	0.65
Gain (Loss) on Sale of Assets	-	-	-	0	-0.02	-
Asset Writedown	-0.11	-0	-	-	-	-0.02
Other Unusual Items	23.8	24.13	5.97	1.72	-0.15	3.49
Pretax Income	74.89	93.97	97.16	127.58	216.07	183.8
Income Tax Expense	12.6	11.45	17.03	20.73	29.52	26.2
Earnings From Continuing Operations	62.29	82.52	80.13	106.84	186.55	157.6
Minority Interest in Earnings	-2.68	-6.23	-0.27	0.17	-	-
Net Income	59.61	76.29	79.87	107.01	186.55	157.6
Net Income to Common	59.61	76.29	79.87	107.01	186.55	157.6
Net Income Growth	81.28%	-4.47%	-25.36%	-42.64%	18.37%	30.10%
Shares Outstanding (Basic)	99	100	100	100	100	100
Shares Outstanding (Diluted)	104	106	106	100	100	100
Shares Change	-5.37%	-0.49%	6.48%	0.25%	0.01%	13.63%
EPS (Basic)	0.60	0.76	0.80	1.07	1.87	1.58
EPS (Diluted)	0.57	0.72	0.75	1.07	1.87	1.58
EPS Growth	91.57%	-4.00%	-29.91%	-42.78%	18.35%	14.49%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Free Cash Flow	-18.47	-33.43	27.04	-20.49	-57.49	-8.19
Free Cash Flow Per Share	-0.18	-0.32	0.25	-0.20	-0.58	-0.08
Dividend Per Share	0.300	0.300	0.300	0.300	0.300	0.300
Dividend Growth	0%	0%	0%	0%	0%	0%
Gross Margin	27.20%	27.81%	32.39%	40.56%	41.55%	43.67%
Operating Margin	10.32%	10.80%	13.53%	22.34%	28.76%	29.31%
Profit Margin	9.70%	11.22%	12.23%	19.53%	26.85%	27.49%
Free Cash Flow Margin	-3.01%	-4.92%	4.14%	-3.74%	-8.28%	-1.43%
EBITDA	112.4	118.22	124.93	156.94	227.72	186.94
EBITDA Margin	18.30%	17.38%	19.13%	28.64%	32.77%	32.61%
D&A For EBITDA	48.98	44.78	36.58	34.51	27.91	18.92
EBIT	63.42	73.45	88.35	122.43	199.81	168.02
EBIT Margin	10.32%	10.80%	13.53%	22.34%	28.76%	29.31%
Effective Tax Rate	16.83%	12.19%	17.53%	16.25%	13.66%	14.25%
Revenue as Reported	349.36	680.23	653.11	547.97	694.8	573.25
Advertising Expenses	-	2.32	4.34	2.81	2.19	2